No decisions on Contact's growing cash pile before Feb, says chairman

Mon, 13 Oct 2014

By Pattrick Smellie Oct. 14 (BusinessDesk) - Contact Energy shareholders will have to wait at least until the company's half-year result, due to be published in February, before learning of the board's approach to dealing with the growing cash pile the energy company will stack up into the future, now that it has finished investment in new power stations for the foreseeable future. Speaking to BusinessDesk after today's annual meeting in Wellington, Contact chairman Grant King nominated higher dividends, share buybacks and a capital retur...

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